Wall Street Access Asset Management LLC continued to hold its stake in shares of Monsanto Company (NYSE:MON) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,745 shares of the basic materials company’s stock at the close of the second quarter. Wall Street Access Asset Management LLC’s holdings in Monsanto were worth $324,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Acrospire Investment Management LLC acquired a new position in shares of Monsanto in the first quarter worth $113,000. Pinnacle Financial Partners Inc. acquired a new position in shares of Monsanto in the second quarter worth $114,000. Bruderman Asset Management LLC acquired a new position in shares of Monsanto in the second quarter worth $116,000. JNBA Financial Advisors raised its holdings in shares of Monsanto by 3.9% in the first quarter. JNBA Financial Advisors now owns 1,193 shares of the basic materials company’s stock worth $135,000 after acquiring an additional 45 shares during the last quarter. Finally, Armbruster Capital Management Inc. raised its holdings in shares of Monsanto by 12.2% in the second quarter. Armbruster Capital Management Inc. now owns 1,147 shares of the basic materials company’s stock worth $136,000 after acquiring an additional 125 shares during the last quarter. 74.80% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Robert T. Fraley sold 52,410 shares of the stock in a transaction on Monday, July 10th. The stock was sold at an average price of $117.95, for a total transaction of $6,181,759.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steven Mizell sold 11,300 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $118.57, for a total value of $1,339,841.00. Following the sale, the executive vice president now owns 55,011 shares of the company’s stock, valued at $6,522,654.27. The disclosure for this sale can be found here. 0.79% of the stock is currently owned by company insiders.

A number of equities analysts have recently weighed in on MON shares. Zacks Investment Research raised Monsanto from a “hold” rating to a “buy” rating and set a $131.00 price target for the company in a report on Monday, September 4th. BMO Capital Markets reissued a “buy” rating and issued a $128.00 price target on shares of Monsanto in a report on Friday, September 1st. BidaskClub cut Monsanto from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. Vetr raised Monsanto from a “hold” rating to a “buy” rating and set a $122.35 price target for the company in a report on Wednesday, July 12th. Finally, Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $128.00 price target (up from $125.00) on shares of Monsanto in a report on Tuesday, June 27th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $124.09.

Shares of Monsanto Company (NYSE:MON) opened at 120.01 on Tuesday. The stock has a market cap of $52.72 billion, a P/E ratio of 25.92 and a beta of 1.07. Monsanto Company has a 52-week low of $97.35 and a 52-week high of $120.38. The firm’s 50-day moving average price is $117.37 and its 200-day moving average price is $116.53.

Monsanto (NYSE:MON) last released its earnings results on Wednesday, June 28th. The basic materials company reported $1.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.19. The company had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.18 billion. Monsanto had a return on equity of 45.26% and a net margin of 14.11%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.17 earnings per share. On average, equities research analysts forecast that Monsanto Company will post $4.89 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 6th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $2.16 annualized dividend and a dividend yield of 1.80%. Monsanto’s dividend payout ratio is 46.75%.

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Monsanto Profile

Monsanto Company (Monsanto), along with its subsidiaries, is a provider of agricultural products for farmers. The Company provides seeds, biotechnology trait products, herbicides and digital agriculture tools to farmers. The Company operates through two segments: Seeds and Genomics, and Agricultural Productivity.

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Institutional Ownership by Quarter for Monsanto (NYSE:MON)

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